In February, New York sold 113 million dollars worth of cannabis products. Flower is the dominant category with sales of 39 million dollars. The Vape category took the number two spot, bringing in just over 31 million dollars.
When you dive deeper into just New York City, Vapes emerges as the belle of the ball, bringing in about $6.4 million dollars. Let’s examine the top ten vape brands that make up those sales:
When we look at the entire state of New York, what is the most popular type of vape concentrate sold? Distillate still reigns supreme in the Empire State with a 76.5% market share, whereas Live Resin represents about 19.2% of the vapes sold. Rosin only makes up about 4.3% of vapes sold.
There is an ongoing nationwide battle for market dominance within the Vape category between cartridges, disposables (AIO), and proprietary options. In New York, Vape Carts represent 37% of sales, whereas Disposables represent 53% of sales. Proprietary options (vape carts that only work with a brand-specific device) currently represent 9% of sales.
Diving deeper specifically into just Disposables (All-in-Ones), the full gram size option is the current top consumer choice with a 51% market share. The second most preferred size is two gram Disposable with a 22% market share. The average one gram disposable vape in New York for February is $62.05 before taxes. Here is a breakdown of what a full gram disposable costs around the state:
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Hoodie Analytics connects the cannabis industry and consumers with the most useful cannabis information to make better decisions. With over 10,000 dispensaries tracked daily in the US, Hoodie’s data is unparalleled in its granularity and coverage. Easy-to-use applications and customized consulting solutions allow operators to make better decisions through data.
Check out more of Hoodie Analytics State Spotlights here at Beard Bros below.
Hoodie’s State Spotlight: Arizona
Hoodie’s State Spotlight: New Jersey
Hoodie State Spotlight: Maryland
